Telekom Austria keeps dividend at 0.05 eur for 2014

VIENNA Wed Feb 26, 2014 1:19am EST

VIENNA Feb 26 (Reuters) - Telekom Austria said it would keep its dividend at 0.05 euros ($0.07) for a third year running as sales continued to decline amid tough competition in its mature markets.

The company, which is expected to be the target of a takeover bid by Carlos Slim's America Movil, said on Wednesday fourth-quarter core profit fell 18 percent on sales that declined by 6 percent.

Earnings before interest, tax, depreciation and amortisation (EBITDA) adjusted to exclude special items were 262 million euros, missing the average estimate of 280 million euros in a Reuters poll, while sales of 1.056 billion euros were just short of the poll average. ($1 = 0.7282 euros) (Reporting by Georgina Prodhan; Editing by Michael Shields)

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